Gold- looking for another long setup.
Updated
My previous gold setup ( see link) is looking valid again
- down wedge
- support tested several times
- 4h bull divergence
Enter long on break of wedge for aggressive entry
Enter on retest f wedge for conservative entry.
Take full or partial profit at supply zone.
- down wedge
- support tested several times
- 4h bull divergence
Enter long on break of wedge for aggressive entry
Enter on retest f wedge for conservative entry.
Take full or partial profit at supply zone.
Comment
No signal on this after open 4h candle. Still no position.Comment
No position still. This setup will be invalid at 1678Comment
since GC at the bottom of the wedge this may be a good place to take a long position with a very tight stop loss and maximal gains. If it falls below the wedge the trade is no longer valid. I do not believe I will take a long position at this point and I have not entered a position on this idea thus far. However, a long position would still be perfectly justified at this time.Related publications
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